ACC 526 Mid Term Exam

ACC 526 Mid Term Exam ACCT526-820_ Question 1 Correct Marked out of 3 Flag question e. annual balance sheet prepared in accordance with US GAAP d. budget versus actual reports c. None of these b. monthly analysis of product profitability Question text All of the following are examples of managerial accounting information except: Select one: a. monthly income statement for each store Question 3 Incorrect Marked out of 3 Flag question d. period costs c. expensed in the period in which they are incurred b. expensed when the products are sold Question text Direct labor costs related to production are: Select one: a. included in manufacturing overhead Flag question Question 4 Correct Marked out of 3 Flag question e. salaries of human resource department personnel d. None of these c. salaries of production supervisors b. salaries of sales personnel Question text Which of the following is classified as a general and administrative expense? Select one: a. utility costs for the production facility Question 5 Correct Marked out of 3 Flag question b. cost of goods sold Question text Costs of completed but unsold products would be found in which account? Select one: a. work in process inventory e. None of these Question 6 Incorrect Marked out of 3 Flag question e. cost of good sold d. work in process inventory c. raw materials b. None of these a. cost of goods manufactured Question text All of the following are included in Balance Sheet accounts containing product costs except: Select one: Question 7 Correct Marked out of 3 Flag question Question text All of the following are examples of firms who would use job costing except: e. finished goods inventory